CPO Price at KPBN Tender and Malaysia Derivatives Exchange Declined on Monday (29/1)

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CPO Price at KPBN Tender Decreased 0.58 Percent on Friday (16/2). Photo by: Palmoilmagazine

PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) on Monday (29/1/2024) stood at Rp 12,141/kg, indicating a decrease of Rp 59/kg or approximately 0.48% compared to the Friday (26/1/2024) tender at Rp 12,200/kg.

According to Palmoilmagazine.com’s information from KPBN, the CPO Franco prices were Rp 12,141/kg in Belawan and Dumai. However, in withdrawal (WD), the highest bid reached Rp 12,503/kg.

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Meanwhile, the CPO prices at the Malaysia Derivatives Exchange experienced a decline on Monday (29/1/2024) due to the reduced prices of other vegetable oils. Despite crude oil being more expensive, profit-taking actions were observed, limiting the overall loss.

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As quoted from Reuters, CPO reference contract price with the code FCPOc3 for April 2024 delivery at Malaysia Derivatives Exchange got cheaper RM 52 per ton or about 1,29% to be RM 3.965 (US$ 838,44) per metric ton in the midday.

Here are CPO tenders at KPBN (Rp./Kg), excluded income tax on Monday (29/1/2024):

  • Franco Belawan Rp. 12.141-ACI
  • Dumai Rp. 12.141 (WD) with the highest bid Rp. 12.053-IBP. (T2)
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